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Showing 121 - 130 of 1106 results for "Parent"

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
Generation Development Group, the parent company of Generation Life, which recently acquired the remaining stake in Lonsec, has reported a $673 million increase in funds under management (FUM) over the last financial year. Generation Life received over ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... impact of this matter on our profession and the costs we may need to pay for it, via the CSLR," Abood said. Dixon's parent company E&P Financial Group settled the recent Shine Lawyers-led class action for $16 million. Senator Andrew Bragg has been ...

Australia climbs global wealth ranks

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
... Millennial/Gen X divide - earned more than their parents did at a similar age. "In Australia, a 10 percentile rise in a parent's rank in the income distribution is linked to a relatively small 1.8 percentile rise in the child's rank," PC commissioner ...

MetLife refreshes two products

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
MetLife introduced several changes to two products that are available through financial advisers. The changes that took effect on June 30 impact policyholders in MetLife Protect and MetLife Protect Super. MetLife Protect insures against death, trauma ...

Inflation weighing on next generation of retirees

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
Generation X - the next in line to retire - is worried about running out of money, or not having enough to retire at all, according to new research by Natixis Investment Managers. The research, conducted in collaboration with CoreData Research, found ...

TAL appoints new chief executive

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... executive Brett Clark to the role of chief executive and managing director, Asia-Pacific, for Dai-ichi Life Group, TAL's parent company, from 1 July 2024. Macgregor will continue in her current role as chief executive - individual life until then ...

Innova backs using leverage in super for housing

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
Innova Asset Management has entered the super and housing debate, saying allowing the use of leverage in superannuation it could help younger Australians who are locked out of the property market build wealth. Innova said millennials are firmly locked ...

Advisers shoulder massive wealth transfer

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
Financial advisers shoulder much of the responsibility in helping facilitate the massive intergenerational wealth transfer that has blown out to nearly $5 trillion, according to new estimates, as recipients are largely financial illiterate and ill-prepared ...

Generation Development Group to take over Lonsec

KARREN VERGARA  |  MONDAY, 3 JUN 2024
Lonsec Holdings will have a new parent company as Generation Development Group (GDG) is due to acquire the remaining stake in the research and ratings house. GDG will scoop up an additional 61.9% stake in Lonsec valued at $197.4 million. About $155.4 ...

Stockland, Invesco Real Estate forge land lease deal

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... market fundamentals and strong income and capital growth." Last December, Stockland and Supalai Australia Holdings, whose parent company is listed on the Stock Exchange of Thai, purchased 12 communities projects from Lendlease for $1.3 billion. The communities ...